He had to hurry, this item was due to the Judge by tomorrow and they waited til 48hrs before due date to file a motion. Others who understand the legal profession say that if one side wants an extension it is almost always accepted by the other side as a professional courtesy. Interesting thing here is that this was a joint motion vs. Google asking for the extension. What's interesting is that VRNG could have said, ask for yourself we are ready but instead they jointly issued this meaning maybe they are talking. Secondly, judge did probably saw this as another GOOG delay which VRNG was nice enough to go along with and he smacked it down with only a 2 working day extension over a long weekend. Sorry, nothing much else to do but to try to create mountains out of motion molehills...
This favors VRINGO. Google will try to drag their feet at every opportunity they can. The Judge knows this and is keeping the pressure on Google to get a settlement done or the consequences will be worse for Google. The attorneys know this but are trying to buy more time. Vringo is smart and is lining up other suits i.e. ZTE, Microsoft as they will be able to concentrate on these ventures soon, as they know the Google deal is about to come to a conclusion. They don't want multiple engagements at the same time - look what happened to Germany in WWII, engaged in multiple battle fronts at the same time, unable to focus on one battle at a time with all of their resources, and they were defeated. VRINGO won't make this mistake. Additionally, all these sealed documents point toward a settlement as some language has already slipped out about the parties working together etc. This will result in a settlement as Google has played all their cards and lost. At this point it is damage control. If they dig in and continue to fight, it will only be worse since the Judge will render a harsher decision against Google than the settlement. If Google settles they can still spin the settlement any way they want to save face. Why do you think CEO of Google sold 40% of his stock($2.5Billion) last week. He knows the company is about to take a hit. Read and interpret the facts!!
faster is always better honey... but on this subject this isn't 'fast' as we been waiting for how long.?I think JJ has grown tried of the jukes and jives, ready to call it
I think this favors VRNG, no basis other than what I think. be careful as MM's may try one more time to take this down to $2.80-2.90 to cover any run up.